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Reporter : Yi Whan-woo
Thu, June 8, 2023 | 22:03
Gov't to slash more than 17,000 public sector jobs by 2025
The government announced on Monday that it will slash 17,230 jobs or 3.9 percent of all positions at 350 state-run organizations by 2025 to streamline their structure and implement President Yoon Suk-yeol's fiscal belt-tightening policies. The government will also re-assign 4,788 workers or 1.1 percent of the employees at public organizations with new duties over the cited pe...
Economy | 2022-12-26 16:57
Hana donates electric cars to Seoul's welfare facilities
Hana Financial Group has donated electric vehicles (EVs) to welfare facilities run by the Seoul Metropolitan Government as part of its environmental, social and corporate governance (ESG) practices, the company announced on Monday. It said it donated a total of 10 EVs, one each to senior centers, women's shelters, disability care centers and other welfare facilities in the na...
Companies | 2022-12-26 15:39
Shinhan hosts women's leadership conference for 5th year
Shinhan Financial Group announced on Friday that it hosted a group-wide women's leadership conference for the fifth year straight in 2022. It said that the SHeroes Conference took place at its headquarters in central Seoul, Thursday, attracting about 100 female leaders from the banking group with the goal of promoting women's empowerment and expanding the networks of the part...
Companies | 2022-12-23 16:05
Bank of Korea signals more rate hikes to fight inflation
The Bank of Korea (BOK) has hinted that it will carry out more key interest rate hikes next year as it plans to place a policy priority on fighting inflation over boosting growth. In its report on the directions of its 2023 monetary policy released Friday, the central bank said it will stick to the principle of the current monetary policy to stabilize prices and meet the targ...
Economy | 2022-12-23 16:04
Woori Bank introduces tailor-made services for foreign customers
Woori Bank has introduced tailor-made services for foreign customers living in Korea, including exemptions on overseas remittance fees, the lender said Thursday. It said “Woori Global Package” offers no transaction fees for foreign customers who open new bank accounts, as well as waived remittance fees for wire transfers outside Korea and debit card benefits.
Companies | 2022-12-22 16:21
More businesses shut down, while less firms open in Korea: report
Korea faces an increasing number of companies that are closing down, while the number of newly opening businesses is declining, a report showed Thursday. Released by Statistics Korea, the report titled “Opening and closure rates of enterprises in 2021” showed that 761,000 businesses shut down in 2020, up 3.4 percent from the previous year.
Economy | 2022-12-22 15:51
Foreign investors, workers to benefit from eased regulations in 2023
Korea will ease regulations on cash incentives next year for foreign businesses operating here to encourage investments in proprietary and other cutting-edge technologies on the country's path to enhancing supply chain security and nurturing new growth engines, the government said Wednesday. Korea will also include foreign residents in its new census studies, starting in Janu...
Economy | 2022-12-21 15:44
Shinhan Bank's second-in-command nominated to lead lender
Shinhan Financial Group announced on Tuesday it nominated Han Yong-gu, the deputy president of Shinhan Bank, as the lender's new CEO in the group's major step in leadership changes at its key subsidiaries. Han's nomination comes after Shinhan Financial Group nominated Shinhan Bank CEO Jin Ok-dong as its chairman on Dec. 8.
Companies | 2022-12-20 21:10
More than 1 in 5 naturalized Koreans experienced discrimination: survey
More than one out of five naturalized Koreans have experienced discrimination here due to where they originally came from, their lack of proficiency in the Korean language, how they look, for not being rich and other reasons, according to a report, Tuesday. Released by Statistics Korea, the report comes amid an increase in the number of naturalized citizens as well as their h...
Economy | 2022-12-20 16:22
Korea to aggressively overhaul trade, investment regulations in 2023
Korea will aggressively push ahead with incentives and deregulation to revitalize exports and investments in 2023 in a bid to overcome growing economic risks, the government and the ruling People Power Party (PPP) announced jointly on Monday. In a briefing following a policy consultation meeting on Korea's 2023 economic policy, they also announced their focus on lowering pric...
Economy | 2022-12-19 16:42
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